News Archives

: Category: News Archives; Created: 21 July 2021; Hits: 492

The Royal Mint records a rise in profits aided by a fivefold increase in gold investment by young adults.

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: Category: News Archives; Created: 21 July 2021; Hits: 846

Prepared by Professor Steve H. Hanke, The Johns Hopkins University Note A: Hanke’s annual inflation rates are implied from free-market exchange rates; inflation values under 25%/yr should be considered unreliable. Note B: Countries for which Hanke's annual inflation rate is at or exceeds 25%/yr are red. Countries that do not meet this threshold are yellow.

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: Category: News Archives; Created: 21 July 2021; Hits: 754

As restaurants struggle to fill jobs, they're raising employee wages — and prices.

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: Category: News Archives; Created: 21 July 2021; Hits: 556

July 21, 21 by John Jeffay

(IDEX Online) - The initial offering of the world's first fungible diamond commodity offering - a sealed plastic coin of around 4.5 carats - was 50 per cent over-subscribed, says the company that launched them.

New York-based Diamond Standard says it has sold the first batch of 5,000 coins to investors, and will now make a further $50m of coins available.

Each coin (pictured) contains "a set of certified natural diamonds with identical geological scarcity" across a wide range - D to L color, flawless to SI2 clarity, VG to EX GIA cut scale, from 0.21-carats to 0.75-carats.

The coins are traded as the first regulator-approved diamond commodity and their price fluctuates.

The second offering of coins is capped at $50m. Those sold in the first of five $10m series will be priced at $5,750. Subsequent series will be priced according to prevailing diamond values....

Read more from our friends at IDEX

: Category: News Archives; Created: 20 July 2021; Hits: 480

It's a strange situation indeed: Government has gone into competition with business for labor. By paying workers to stay at home, what may have started as a well-intentioned effort to help has now led to shortages of skilled workers in many industries, especially hospitality. After all, why would anyone want to go to work when they can earn more on unemployment?

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Diamond News Archives

Gold Attracts Young Investors Trading Online, Says the Royal Mint

Professor Steve Hanke’s Inflation Satellite - July 21, 2021

Restaurants ‘Have No Choice’ but To Raise Wages Even More, Strategist Says

Diamond Standard Sells Second Batch of Commodity Coins

Why Nobody Wants To Work Any More